Tuesday, April 13, 2010

04/13 NDX Iron Butterfly

Here is what I have left on the trade:
1x APR 2025 call
1x APR 2000/2025 call credit spread
2x APR 1900/1825 put credit spread

We’re breaching the 2000 area, not much else left to do but to exit the position. Frustrating as it is, the fact of the matter is that this position had a very short time-frame in profits, the Thursday before the weekend was just about the last day to lock in profits, you snooze you loose seems to be the lesson learned here.

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